Rough month and quarter for Ellington Financial book value

• March 31 book value per share of $20.59 slips from $21.24 a month earlier, and $21.80 a quarter ago.
• Today's close for NYSE:EFC of $17.15 is a 16.7% discount to March 31 book. The discount to book is narrowing, but unfortunately nearly all of that is coming from a decline in book value - off $1.21 per share or 5.5% from last quarter.
• Source: Press Release
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